Meditations
EquityZen's Blog On Startups and Their Economics

MeditationsEquityZen's Blog On Startups and Their Economics

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Behind the Scenes: EquityZen tackles "If I joined Uber After College"

With all of the hype around Uber and their newly announced $18.2 Billion valuation following the $1.2 Billion (both 'with a B') investment last week, I wanted to dig deeper than the headlines and analyze what this valuation would mean if I had joined Uber right out of college.

I am 24 years old and graduated in May 2012.

Where to Start:

We'll need to determine a few data points around the company's valuation at the time of my employment as well as my estimated equity compensation package.

To back-solve these figures we can look at public filings and make some assumptions about Uber's financials on the day I start, including:

Also, I'll be using Uber's present day valuation (which, if you hadn't heard yet, is $18.2 Billion)

My Equity Compensation Package:

In college, I studied finance and business. I likely got an entry level Operations or Business Development role (I am currently Business Development at EquityZen, so my estimates are accurate so far). Wealthfront has a great tool for salary and equity compensation ranges based on basic metrics like this. So, I'm an entry level Business Development guy at a company with over 100 employees in the Bay Area. Let's say I got 1 "basis point" or 0.01% in Equity compensation over the next 4 years. We can safely assume I am receiving ISO's that will vest over 4 years with a 1 year cliff.

To cross check the accuracy of my equity comp estimate, let's look at its total value. Thanks to VC Experts, we know that in November 2011, Uber raised $39 million at a $316 million post-money valuation. Investors paid $14.18 per share, implying that there were ($316,000,000 / $14.18 = 22,284,908) shares outstanding at the time. Therefore my .01% stake was "worth" .01% * $316M = $31,600 and I would have been issued .01% * 22.28M shares = 2,228 shares.

As for my strike price: VC Experts also reported that Uber's 409A share price as of 9/26/11 was $0.07/share.

My Net Worth...on Paper:

Now we have a good estimate on my equity package, so here's the fun part.

Let's fast forward two years to today. A couple of things have happened since I was issued .01% of the company:

What's more, if I were to continue working at Uber for another 2 years and vest the second half of my equity (another 11,140 shares) I would have what today is valued at $1,382,000. Look mah, I'm a millionaire!

However, there are some less exciting realities around exercising my options including the Alternative Minimum Tax. This is a story for another time, but in short the AMT requires me to include in my taxes the financial gain of my exercised shares, which is calculated as the spread between my exercise price ($0.007) and the Fair Market Value ($62.05). That's a pretty big spread and something worth looking into for anyone receiving equity compensation, whether you're 'worth' $691K or not.

Your privacy is important

At EquityZen INC (the "Company"), your privacy is very important to us. The purpose of this privacy policy (this "Policy") is to provide you with a description of the types of information we collect about you when you visit the EquityZen web site located at equityzen.com, and associated sub-domains (the "Site"), and how we use that information. By visiting or using the Site you agree to the provisions of our Terms of Use and this Policy. If you do not agree to the terms of this Policy, please do not use or access the Site or use the Services (defined below). This Policy only applies to information collected while you are on the Site. For more information on how the Site may redirect you to other web sites, please see the "Links and Redirection to Third Party Sites" section below.

Information We Collect

We collect and store information that you voluntarily provide to us as well as data related to your Site visit.

In some areas of the Site, we request or may request that you provide personally identifiable information, including your name, address, email address, telephone number, username, and other information from which your identity is or may be discernible. We collect personally identifiable information from our users at several different points on the Site. We will also allow you the opportunity to provide information identifying yourself as an investor or borrower and, if you are a borrower, the amount you will be seeking, your desired target rate, the intended use of funds and loan duration. Such information is collected for the purpose of contacting you with information regarding prospective investment or borrowing opportunities (as applicable) based on your specified interests (the "Services"). It is solely up to you whether you furnish such information. If you do provide such information, you are thereby consenting to the use of that information in accordance with the policies and practices described in this Policy. This information may be stored on our servers, and on the servers of third party service providers.

In addition, during your visit we automatically collect certain aggregate information and analytical data related to your Site visit (see "Use of Cookies" below). Aggregate information is non-personally identifiable or anonymous information about you, including the date and time of your visit, the IP address of your computer or mobile device, your computer or mobile device browser information, the Internet address that you visited prior to and after reaching the Site, the name of the domain and host you used to access the Internet, the type of mobile device you use, your mobile device's unique device ID and the features of our Site which you accessed. This data is in no way associated with your personally identifiable information.

How We Use Information

We use collected information to make available and to improve our high standard of reliable services. We use such information to:

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resolve problems; and

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We do not sell or rent personally identifiable information to third parties who are not affiliates of the Company. Information that you provide will not be shared with any other user of the Site without your consent. We may disclose personally identifiable information to appropriate affiliates of the Company, including strategic alliance affiliates and third party service providers, to respond to a request for service or to provide information about available products or services. We are not limited in our use of non-personal information that does not permit direct association with any specific individual, or non-identifiable aggregate information about our users (such as the number of users of our Services, the geographic distribution of our users, the amount of information located and/or removed, etc.).

We disclose information that we, in good faith, believe is appropriate to cooperate in investigations of fraud or other illegal activity, or to conduct investigations of violations of our Terms of Use. For example, this means that if we conduct a fraud investigation and conclude that one side has engaged in deceptive practices, we can give that person or entity's contact information to victims who request it.

We disclose information in response to a subpoena, warrant, court order, levy, attachment, order of a court-appointed receiver or other comparable legal process, including subpoenas from private parties in a civil action. If the subpoena seeks information about an identified user or limited group of users, we'll make reasonable business efforts to contact the user(s) before providing information to the party that requests it. We cannot guarantee that we will be able to contact the user(s) in all cases, whether because of a time limit, court order, inability to effectively contact a user, or for any other reason.

We may disclose information to your agent or legal representative (such as the holder of a power of attorney that you grant, or a guardian appointed for you).

We share information with companies that provide public relations and marketing services for us. Such information will only be shared by us to customize, measure and improve our products, Services and advertising; it will not be shared with third parties for their marketing purposes. These third parties are obligated to protect your information and are prohibited from using your personally identifiable information for any other purpose.

As with any other business, it is possible that in the future we could merge with or be acquired by another company. If such an acquisition occurs, the successor company would have access to the information maintained by us, including customer account information, but would continue to be bound by this Policy unless and until it is amended.

We share your information with our parent, subsidiaries and joint ventures to help coordinate the Services we provide to you, enforce our terms and conditions, and promote trust and safety.

We may share aggregate (non-personally identifiable) information with certain third parties such as advertisers, national industry organizations, and prospective affiliates. In addition, we reserve the right to disclose aggregate information and personally identifiable information to third parties as required or permitted by law and when we believe that disclosure is necessary to protect our rights.

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"Cookies" are simple text files stored on your computer for use by a browser. Certain Site features may only be available through the placement of a cookie. We may use "cookies" to assist in data collection and to track visitor Site usage and trends to help us better serve you. The use of cookies is a standard practice among Internet web sites; most Internet browsers permit a user to accept, decline or delete cookies. This Site works with a first party cookie that collects anonymous traffic data at the Site.

We use persistent cookies to make it easier for you to navigate the Site. Specifically, we use persistent cookies to track whether you are logged into the Site. A persistent cookie remains on your hard drive for an extended period of time. You can remove persistent cookies by following directions provided in your Internet browser's "help" file.

We set a persistent cookie to store how you came to the Site and what listings and content you view. Persistent cookies also enable us to track and target the interests of our users to enhance their experience on the Site.

If you reject cookies, you will still be able to view the Site, but your ability to use some areas of the Site, such as automatically-generated recommendations, will be limited. You will be unable to log into the Site if you reject cookies.

Some of our business partners (e.g., analytical tracking software providers) use cookies and tracking technologies on the Site. We have no access to or control over these cookies or tracking technologies. This Policy covers the use of cookies on equityzen.com and by us only and does not cover the use of cookies or tracking technologies by any such business partner.

Updating Information

You may review, correct, update or change the personally identifiable information you provide at any time. If you would like to edit your personally identifiable information please contact us for assistance at hello@equityzen.com.

Links and Redirection to Third Party Sites

The Site may contain links to third party web sites and may redirect you to third party web sites ("Third Party Sites"). These sites include, among others, service providers who have a relationship with the Company.

Third Party Sites are not under the control of the Company, and the Company is not responsible for such Third Party Sites, including without limitation the accuracy, sufficiency, correctness, reliability, veracity, completeness, or timeliness thereof, any link contained therein, or any changes or updates thereto. The inclusion or access to Third Party Sites does not imply an endorsement thereof by the Company, or of the provider of such content or services, or of any third party web site. The Company reserves the right to terminate any link or linking program at any time.

Please be aware that when you enter a third party web site, any information you provide, including financial information, is subject to the terms of use and privacy policy of that site.

Children's Privacy

This Site and our Services are not directed to person under the age of 13. If you become aware that you child has provided us with personal information without your consent, please contact us at hello@equityzen.com. We do not knowingly collect or solicit information from, market to or accept services from children. If we become aware that a child under 13 has provided us with personal information, we take steps to remove such information and terminate the child's account.

Effective Date, Policy Changes

Each time you use the Site, the current version of the Policy will apply. Accordingly, when you use the Site, you should check the date of this Policy (which appears at the top of the Policy) and review any changes since the last version. Our business changes frequently and this Policy is subject to change from time to time. Unless stated otherwise, our current Policy applies to all information that we have about you. We will not materially change our policies and practices to make them less protective of customer information collected in the past without the consent of affected customers.

Lost or Stolen Information

You must promptly notify us if you become aware that any information provided by or submitted to the Site is lost, stolen, or used without permission.

Governing Law

This Policy is governed by the laws of the State of New York, without giving effect to any principles of conflict of law.

Contact Us

To contact us with your questions or comments regarding this Policy or the information collection and dissemination practices of the Site, please contact us via email at hello@equityzen.com.

To see the Terms of Use that apply to the Site see Terms.

All trademarks, service marks, and other proprietary materials herein are the property of EquityZen INC. 2013. All rights reserved.

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Your privacy is important

At EquityZen INC (the "Company"), your privacy is very important to us. The purpose of this privacy policy (this "Policy") is to provide you with a description of the types of information we collect about you when you visit the EquityZen web site located at equityzen.com, and associated sub-domains (the "Site"), and how we use that information. By visiting or using the Site you agree to the provisions of our Terms of Use and this Policy. If you do not agree to the terms of this Policy, please do not use or access the Site or use the Services (defined below). This Policy only applies to information collected while you are on the Site. For more information on how the Site may redirect you to other web sites, please see the "Links and Redirection to Third Party Sites" section below.

Information We Collect

We collect and store information that you voluntarily provide to us as well as data related to your Site visit.

In some areas of the Site, we request or may request that you provide personally identifiable information, including your name, address, email address, telephone number, username, and other information from which your identity is or may be discernible. We collect personally identifiable information from our users at several different points on the Site. We will also allow you the opportunity to provide information identifying yourself as an investor or borrower and, if you are a borrower, the amount you will be seeking, your desired target rate, the intended use of funds and loan duration. Such information is collected for the purpose of contacting you with information regarding prospective investment or borrowing opportunities (as applicable) based on your specified interests (the "Services"). It is solely up to you whether you furnish such information. If you do provide such information, you are thereby consenting to the use of that information in accordance with the policies and practices described in this Policy. This information may be stored on our servers, and on the servers of third party service providers.

In addition, during your visit we automatically collect certain aggregate information and analytical data related to your Site visit (see "Use of Cookies" below). Aggregate information is non-personally identifiable or anonymous information about you, including the date and time of your visit, the IP address of your computer or mobile device, your computer or mobile device browser information, the Internet address that you visited prior to and after reaching the Site, the name of the domain and host you used to access the Internet, the type of mobile device you use, your mobile device's unique device ID and the features of our Site which you accessed. This data is in no way associated with your personally identifiable information.

How We Use Information

We use collected information to make available and to improve our high standard of reliable services. We use such information to:

respond to inquiries or service requests and monitor such responses;

provide information about and market our Services;

resolve problems; and

manage the Site and assess its usage and usage of the Services.

Disclosure of Information

We do not sell or rent personally identifiable information to third parties who are not affiliates of the Company. Information that you provide will not be shared with any other user of the Site without your consent. We may disclose personally identifiable information to appropriate affiliates of the Company, including strategic alliance affiliates and third party service providers, to respond to a request for service or to provide information about available products or services. We are not limited in our use of non-personal information that does not permit direct association with any specific individual, or non-identifiable aggregate information about our users (such as the number of users of our Services, the geographic distribution of our users, the amount of information located and/or removed, etc.).

We disclose information that we, in good faith, believe is appropriate to cooperate in investigations of fraud or other illegal activity, or to conduct investigations of violations of our Terms of Use. For example, this means that if we conduct a fraud investigation and conclude that one side has engaged in deceptive practices, we can give that person or entity's contact information to victims who request it.

We disclose information in response to a subpoena, warrant, court order, levy, attachment, order of a court-appointed receiver or other comparable legal process, including subpoenas from private parties in a civil action. If the subpoena seeks information about an identified user or limited group of users, we'll make reasonable business efforts to contact the user(s) before providing information to the party that requests it. We cannot guarantee that we will be able to contact the user(s) in all cases, whether because of a time limit, court order, inability to effectively contact a user, or for any other reason.

We may disclose information to your agent or legal representative (such as the holder of a power of attorney that you grant, or a guardian appointed for you).

We share information with companies that provide public relations and marketing services for us. Such information will only be shared by us to customize, measure and improve our products, Services and advertising; it will not be shared with third parties for their marketing purposes. These third parties are obligated to protect your information and are prohibited from using your personally identifiable information for any other purpose.

As with any other business, it is possible that in the future we could merge with or be acquired by another company. If such an acquisition occurs, the successor company would have access to the information maintained by us, including customer account information, but would continue to be bound by this Policy unless and until it is amended.

We share your information with our parent, subsidiaries and joint ventures to help coordinate the Services we provide to you, enforce our terms and conditions, and promote trust and safety.

We may share aggregate (non-personally identifiable) information with certain third parties such as advertisers, national industry organizations, and prospective affiliates. In addition, we reserve the right to disclose aggregate information and personally identifiable information to third parties as required or permitted by law and when we believe that disclosure is necessary to protect our rights.

Unsubscribe Options

If you choose to take advantage of the Services by signing up as either an investor or borrower, you will receive periodic emails regarding opportunities which, based on the information you provide, may be of interest. If you no longer wish to receive our communications, you may unsubscribe by following the instructions included in each communication.

Use of Cookies

"Cookies" are simple text files stored on your computer for use by a browser. Certain Site features may only be available through the placement of a cookie. We may use "cookies" to assist in data collection and to track visitor Site usage and trends to help us better serve you. The use of cookies is a standard practice among Internet web sites; most Internet browsers permit a user to accept, decline or delete cookies. This Site works with a first party cookie that collects anonymous traffic data at the Site.

We use persistent cookies to make it easier for you to navigate the Site. Specifically, we use persistent cookies to track whether you are logged into the Site. A persistent cookie remains on your hard drive for an extended period of time. You can remove persistent cookies by following directions provided in your Internet browser's "help" file.

We set a persistent cookie to store how you came to the Site and what listings and content you view. Persistent cookies also enable us to track and target the interests of our users to enhance their experience on the Site.

If you reject cookies, you will still be able to view the Site, but your ability to use some areas of the Site, such as automatically-generated recommendations, will be limited. You will be unable to log into the Site if you reject cookies.

Some of our business partners (e.g., analytical tracking software providers) use cookies and tracking technologies on the Site. We have no access to or control over these cookies or tracking technologies. This Policy covers the use of cookies on equityzen.com and by us only and does not cover the use of cookies or tracking technologies by any such business partner.

Updating Information

You may review, correct, update or change the personally identifiable information you provide at any time. If you would like to edit your personally identifiable information please contact us for assistance at hello@equityzen.com.

Links and Redirection to Third Party Sites

The Site may contain links to third party web sites and may redirect you to third party web sites ("Third Party Sites"). These sites include, among others, service providers who have a relationship with the Company.

Third Party Sites are not under the control of the Company, and the Company is not responsible for such Third Party Sites, including without limitation the accuracy, sufficiency, correctness, reliability, veracity, completeness, or timeliness thereof, any link contained therein, or any changes or updates thereto. The inclusion or access to Third Party Sites does not imply an endorsement thereof by the Company, or of the provider of such content or services, or of any third party web site. The Company reserves the right to terminate any link or linking program at any time.

Please be aware that when you enter a third party web site, any information you provide, including financial information, is subject to the terms of use and privacy policy of that site.

Children's Privacy

This Site and our Services are not directed to person under the age of 13. If you become aware that you child has provided us with personal information without your consent, please contact us at hello@equityzen.com. We do not knowingly collect or solicit information from, market to or accept services from children. If we become aware that a child under 13 has provided us with personal information, we take steps to remove such information and terminate the child's account.

Effective Date, Policy Changes

Each time you use the Site, the current version of the Policy will apply. Accordingly, when you use the Site, you should check the date of this Policy (which appears at the top of the Policy) and review any changes since the last version. Our business changes frequently and this Policy is subject to change from time to time. Unless stated otherwise, our current Policy applies to all information that we have about you. We will not materially change our policies and practices to make them less protective of customer information collected in the past without the consent of affected customers.

Lost or Stolen Information

You must promptly notify us if you become aware that any information provided by or submitted to the Site is lost, stolen, or used without permission.

Governing Law

This Policy is governed by the laws of the State of New York, without giving effect to any principles of conflict of law.

Contact Us

To contact us with your questions or comments regarding this Policy or the information collection and dissemination practices of the Site, please contact us via email at hello@equityzen.com.

To see the Terms of Use that apply to the Site see Terms.

All trademarks, service marks, and other proprietary materials herein are the property of EquityZen INC. 2013. All rights reserved.

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Your privacy is important

At EquityZen INC (the "Company"), your privacy is very important to us. The purpose of this privacy policy (this "Policy") is to provide you with a description of the types of information we collect about you when you visit the EquityZen web site located at equityzen.com, and associated sub-domains (the "Site"), and how we use that information. By visiting or using the Site you agree to the provisions of our Terms of Use and this Policy. If you do not agree to the terms of this Policy, please do not use or access the Site or use the Services (defined below). This Policy only applies to information collected while you are on the Site. For more information on how the Site may redirect you to other web sites, please see the "Links and Redirection to Third Party Sites" section below.

Information We Collect

We collect and store information that you voluntarily provide to us as well as data related to your Site visit.

In some areas of the Site, we request or may request that you provide personally identifiable information, including your name, address, email address, telephone number, username, and other information from which your identity is or may be discernible. We collect personally identifiable information from our users at several different points on the Site. We will also allow you the opportunity to provide information identifying yourself as an investor or borrower and, if you are a borrower, the amount you will be seeking, your desired target rate, the intended use of funds and loan duration. Such information is collected for the purpose of contacting you with information regarding prospective investment or borrowing opportunities (as applicable) based on your specified interests (the "Services"). It is solely up to you whether you furnish such information. If you do provide such information, you are thereby consenting to the use of that information in accordance with the policies and practices described in this Policy. This information may be stored on our servers, and on the servers of third party service providers.

In addition, during your visit we automatically collect certain aggregate information and analytical data related to your Site visit (see "Use of Cookies" below). Aggregate information is non-personally identifiable or anonymous information about you, including the date and time of your visit, the IP address of your computer or mobile device, your computer or mobile device browser information, the Internet address that you visited prior to and after reaching the Site, the name of the domain and host you used to access the Internet, the type of mobile device you use, your mobile device's unique device ID and the features of our Site which you accessed. This data is in no way associated with your personally identifiable information.

How We Use Information

We use collected information to make available and to improve our high standard of reliable services. We use such information to:

respond to inquiries or service requests and monitor such responses;

provide information about and market our Services;

resolve problems; and

manage the Site and assess its usage and usage of the Services.

Disclosure of Information

We do not sell or rent personally identifiable information to third parties who are not affiliates of the Company. Information that you provide will not be shared with any other user of the Site without your consent. We may disclose personally identifiable information to appropriate affiliates of the Company, including strategic alliance affiliates and third party service providers, to respond to a request for service or to provide information about available products or services. We are not limited in our use of non-personal information that does not permit direct association with any specific individual, or non-identifiable aggregate information about our users (such as the number of users of our Services, the geographic distribution of our users, the amount of information located and/or removed, etc.).

We disclose information that we, in good faith, believe is appropriate to cooperate in investigations of fraud or other illegal activity, or to conduct investigations of violations of our Terms of Use. For example, this means that if we conduct a fraud investigation and conclude that one side has engaged in deceptive practices, we can give that person or entity's contact information to victims who request it.

We disclose information in response to a subpoena, warrant, court order, levy, attachment, order of a court-appointed receiver or other comparable legal process, including subpoenas from private parties in a civil action. If the subpoena seeks information about an identified user or limited group of users, we'll make reasonable business efforts to contact the user(s) before providing information to the party that requests it. We cannot guarantee that we will be able to contact the user(s) in all cases, whether because of a time limit, court order, inability to effectively contact a user, or for any other reason.

We may disclose information to your agent or legal representative (such as the holder of a power of attorney that you grant, or a guardian appointed for you).

We share information with companies that provide public relations and marketing services for us. Such information will only be shared by us to customize, measure and improve our products, Services and advertising; it will not be shared with third parties for their marketing purposes. These third parties are obligated to protect your information and are prohibited from using your personally identifiable information for any other purpose.

As with any other business, it is possible that in the future we could merge with or be acquired by another company. If such an acquisition occurs, the successor company would have access to the information maintained by us, including customer account information, but would continue to be bound by this Policy unless and until it is amended.

We share your information with our parent, subsidiaries and joint ventures to help coordinate the Services we provide to you, enforce our terms and conditions, and promote trust and safety.

We may share aggregate (non-personally identifiable) information with certain third parties such as advertisers, national industry organizations, and prospective affiliates. In addition, we reserve the right to disclose aggregate information and personally identifiable information to third parties as required or permitted by law and when we believe that disclosure is necessary to protect our rights.

Unsubscribe Options

If you choose to take advantage of the Services by signing up as either an investor or borrower, you will receive periodic emails regarding opportunities which, based on the information you provide, may be of interest. If you no longer wish to receive our communications, you may unsubscribe by following the instructions included in each communication.

Use of Cookies

"Cookies" are simple text files stored on your computer for use by a browser. Certain Site features may only be available through the placement of a cookie. We may use "cookies" to assist in data collection and to track visitor Site usage and trends to help us better serve you. The use of cookies is a standard practice among Internet web sites; most Internet browsers permit a user to accept, decline or delete cookies. This Site works with a first party cookie that collects anonymous traffic data at the Site.

We use persistent cookies to make it easier for you to navigate the Site. Specifically, we use persistent cookies to track whether you are logged into the Site. A persistent cookie remains on your hard drive for an extended period of time. You can remove persistent cookies by following directions provided in your Internet browser's "help" file.

We set a persistent cookie to store how you came to the Site and what listings and content you view. Persistent cookies also enable us to track and target the interests of our users to enhance their experience on the Site.

If you reject cookies, you will still be able to view the Site, but your ability to use some areas of the Site, such as automatically-generated recommendations, will be limited. You will be unable to log into the Site if you reject cookies.

Some of our business partners (e.g., analytical tracking software providers) use cookies and tracking technologies on the Site. We have no access to or control over these cookies or tracking technologies. This Policy covers the use of cookies on equityzen.com and by us only and does not cover the use of cookies or tracking technologies by any such business partner.

Updating Information

You may review, correct, update or change the personally identifiable information you provide at any time. If you would like to edit your personally identifiable information please contact us for assistance at hello@equityzen.com.

Links and Redirection to Third Party Sites

The Site may contain links to third party web sites and may redirect you to third party web sites ("Third Party Sites"). These sites include, among others, service providers who have a relationship with the Company.

Third Party Sites are not under the control of the Company, and the Company is not responsible for such Third Party Sites, including without limitation the accuracy, sufficiency, correctness, reliability, veracity, completeness, or timeliness thereof, any link contained therein, or any changes or updates thereto. The inclusion or access to Third Party Sites does not imply an endorsement thereof by the Company, or of the provider of such content or services, or of any third party web site. The Company reserves the right to terminate any link or linking program at any time.

Please be aware that when you enter a third party web site, any information you provide, including financial information, is subject to the terms of use and privacy policy of that site.

Children's Privacy

This Site and our Services are not directed to person under the age of 13. If you become aware that you child has provided us with personal information without your consent, please contact us at hello@equityzen.com. We do not knowingly collect or solicit information from, market to or accept services from children. If we become aware that a child under 13 has provided us with personal information, we take steps to remove such information and terminate the child's account.

Effective Date, Policy Changes

Each time you use the Site, the current version of the Policy will apply. Accordingly, when you use the Site, you should check the date of this Policy (which appears at the top of the Policy) and review any changes since the last version. Our business changes frequently and this Policy is subject to change from time to time. Unless stated otherwise, our current Policy applies to all information that we have about you. We will not materially change our policies and practices to make them less protective of customer information collected in the past without the consent of affected customers.

Lost or Stolen Information

You must promptly notify us if you become aware that any information provided by or submitted to the Site is lost, stolen, or used without permission.

Governing Law

This Policy is governed by the laws of the State of New York, without giving effect to any principles of conflict of law.

Contact Us

To contact us with your questions or comments regarding this Policy or the information collection and dissemination practices of the Site, please contact us via email at hello@equityzen.com.

To see the Terms of Use that apply to the Site see Terms.

All trademarks, service marks, and other proprietary materials herein are the property of EquityZen INC. 2013. All rights reserved.

EquityZen.com is a website operated by EquityZen Inc. ("EquityZen").
Equity securities are offered through EquityZen Securities LLC ("EquityZen Securities"). EquityZen Securities is a registered broker/dealer and member of FINRA/SIPC.
By accessing this site and any pages thereof, you agree to be bound by our Terms of Use and Privacy Policy.
EquityZen.com is intended only for accredited investors (for persons residing in the U.S.), and for persons residing abroad in jurisdictions where securities registration exemptions apply.
EquityZen does not make investment recommendations. No communication through this website or in any other medium should be construed as an investment recommendation, unless otherwise indicated by EquityZen Advisors LLC ("EquityZen Advisors").
Investment opportunities posted on this website are “private placements” of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment.
Private placement investments are NOT bank deposits (and thus NOT insured by the FDIC or by any other federal governmental agency), are NOT guaranteed by EquityZen Securities, and MAY lose value.
Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through the website.
Investors must be able to afford the loss of their entire investment.
Any financial projections or returns shown on the website are illustrative examples only, and there can be no assurance that any valuations provided are accurate or in agreement with market or industry valuations.
Any investment information contained herein has been secured from sources EquityZen Advisors believes are reliable, but neither EquityZen nor EquityZen Advisors make any representations or warranties as to the accuracy of such information and accept no liability therefore.
Offers to sell, or the solicitations of offers to buy, any security can only be made through official offering documents that contain important information about risks, fees and expenses.
Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment. Please click here for a more detailed explanation of the risks involved by investing through EquityZen's platform. For additional details regarding the allocation policies of EquityZen and affiliated entities, please click here. For additional information regarding a Trusted Contact Person, please click here. Investors should conduct their own due diligence, not rely on the financial assumptions or estimates displayed on this website, and are encouraged to consult with a financial advisor, attorney, accountant, and any other professional that can help you to understand and assess the risks associated with any investment opportunity. For a summary of our Business Continuity Plan, please click here.